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A recent bankruptcy court decision highlights the importance of Facebook pages, Twitter accounts, and similar social media assets in today’s business marketplace. It’s not always clear how these might be best protected, but the decision provides some context for considering the very real problems business owners and their lenders face today.
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Uncertainty will hang over the upcoming bankruptcy auction of RadioShack’s intellectual property, franchise infrastructure, and customer data pending resolution of an ongoing struggle between RadioShack and several states’ attorneys general concerning the proposed sale of customer data. As previously reported, RadioShack plans to auction personally identifiable information (PII) collected from more than 70 million customers. The State of Texas (joined formally or informally by 35 other states) objected to the sale citing several of RadioShack’s…